日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Money

CCC to issue A shares to fund acquisition of CRBC International

By Fayen Wong and Donny Kwok (China Daily)
Updated: 2011-01-01 09:34
Large Medium Small

SHANGHAI/HONG KONG - China Communications Construction plans to issue up to 3.5 billion A shares in Shanghai, with part of the proceeds used to fund a 1.94 billion yuan ($293.9 million) takeover of an infrastructure company, CRBC International.

Shares of both companies advanced on the news.

China Communications already holds a 61.4 percent stake in CRBC, a builder of roads and bridges, which is valued at 4.88 billion yuan.

CRBC's stock surged 10 percent on its first day of trading since Aug 13th, when its shares were suspended due to restructuring plans.

Related readings:
CCC to issue A shares to fund acquisition of CRBC International China's largest lender completes dual rights issue
CCC to issue A shares to fund acquisition of CRBC International Bank of China announces details of rights issue 
CCC to issue A shares to fund acquisition of CRBC International CCB's rights issue plan nodded
CCC to issue A shares to fund acquisition of CRBC International ICBC to raise up to $6.6b in rights issue

"The merger will enlarge the net asset value of the Hong Kong-listed firm which is also seen as a positive for the group as a whole," said William Lo, analyst at Ample Capital.

Analysts said investors had been banking on China's infrastructure boom, with the government spending billions of dollars on the construction of expressways, expanding a network of roads and upgrading ports.

"China Communications' plan to issue A shares will also allow it to raise capital to fund its projects," said Conita Hung, head of equity research at Delta Asia Financial. "Our main concern is still costs, since their margins are generally very low and cement prices are rising quickly."

The agreed merger will be based on a cash-or-stocks offer. CRBC shareholders will be able to receive 12.31 yuan per share under the cash option or the equivalent of 14.53 yuan under the share alternative, China Communications said in a statement on Friday.

The cash offer represents a 2.93 percent premium to CRBC's last traded price on Aug 13, according to Reuters calculations.

Meanwhile China Communications said the stock offer represents a premium of about 23 percent over the average 20-day trading price of CRBC prior to its last day of trading.

Reuters

主站蜘蛛池模板: 日本免费视频 | 欧美性大战xxxxx久久久 | 69久久久久| 肉大捧一出免费观看网站在线播放 | 国产精品综合久久久久久 | www.黄在线观看 | 欧美视频成人 | 麻豆网站在线观看 | 国产午夜视频 | 999热视频 | zjzjzjzjzj亚洲女人 | 五月天久久婷婷 | 91 久久| 国产一级理论片 | 免费a在线观看播放 | 亚洲欧洲另类 | 97超碰站 | 国产精品精品视频 | 青青自拍视频 | 亚欧洲精品在线视频免费观看 | 国产精品久久影视 | 8x国产一区二区三区精品推荐 | 中文字幕在线观看视频网站 | 天天综合精品 | 日本精品国产 | 香蕉网在线| 色综合99| jizz在线观看 | www.欧美在线 | 国产激情视频 | 性色av网站 | 欧美一级淫片免费视频黄 | 亚洲精品91| 亚av| 亚洲视频在线一区二区 | 亚洲黄网在线观看 | 亚洲色图另类小说 | 久久久麻豆 | 美女久久久久久久久 | 很黄很色 | 久久福利网站 |